South America Food Stabilizers Market - Growth, Trends, and Forecast (2018-2023)
The South America food stabilizers market is anticipated to register a CAGR of 5.5%, during the forecast period (2018-2023). Several major food stabilizer companies are seeking to expand operations in developing countries of the region to increase the market penetration.
There is increasing demand for value added dairy products, such as ice-cream and yogurt, ready meals, pizza, beer and soft drinks, which is fuelling the growth of food stabilizers market in the region. The increasing demand is because of factors, such as increasing interest in non-traditional food products, improved disposable income, and emergence of more sophisticated, particularly younger urban consumer base. With new dietary guidelines released in countries, such as Brazil in 2014, the consumers are more aware about their health and ingredient they are consuming in the food products. The region has been experiencing increasing demand for products with label claims, such as organic, gluten free, etc., which boosts the market growth for food stabilizers market in South America.
Some of the major food stabilizers used in the food industry include carrageenan, pectin, xanthum gum, locust bean, lecithin, and gelatin. Gelatin is majorly used in the ice cream industry, but has been gradually replaced with polysaccharides of plant origin owing to increased effectiveness and reduced cost. Pectin has found major application in dairy industry, as well as for strengthening the gelling capacity of low-calorie jams. Food stabilizers are majorly used in dairy product market in order to increase the shelf life and stability followed by confectionary and bakery.
Brazil is one of the most lucrative markets globally for internal sales, as a large urban population of the country becomes more affluent and also possess export potential for food stabilizers market. The food stabilizer market in other countries of regions are also anticipated to flourish with improved economic stability and increasing demand for packaged food products.
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